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A beneficiary of a life insurance contract is due a claim of $ 2 0 0 , 0 0 0 . The beneficiary decides to

A beneficiary of a life insurance contract is due a claim of $

200, 000 .

The beneficiary decides to take it as a monthly annuity. Which of the

following would provide the highest payment in the first month?

Group of answer choices

Straight life annuity.

Straight life with

30

years certain.

Straight life with

10

years certain.

Straight life with

20

years certain.

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